By Rob Nichols, ABA president and CEO

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​“We congratulate the Senate Banking Committee today for recommending the confirmation of Kathleen Kraninger to lead the Consumer Financial Protection Bureau. During her confirmation hearing, Ms. Kraninger detailed her substantial government and management experience that would help her lead the Bureau, and she committed to satisfying the Bureau’s mandate of ensuring consumers have access to financial products and services that are ‘fair, transparent and competitive.’ We welcome that commitment and her pledge to maintain transparency and accountability if confirmed.

“We urge the full Senate to now give her nomination the due consideration it deserves.”

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The American Bankers Association is the voice of the nation’s $17 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $13 trillion in deposits and extend nearly $10 trillion in loans.